Chinese smartphone maker Xiaomi on May 20 reported revenue of 49.7 billion yuan in the three months to March, an increase of 14% from the same period a year earlier.
Adjusted earnings, excluding share-based compensation and one-off items, increased 11% to 2.3 billion yuan. The company, the fourth largest smartphone maker globally, sold 29.2 million units in the quarter, an increase of 4% from the first three months of 2019.
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